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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Jersey Oil And Gas Plc | JOG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -2.50 | -1.63% | 151.00 | 11:14:29 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 153.50 | 151.00 | 153.50 | 151.00 | 153.50 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 28/3/2024 11:46 by carcosa "I'm not a member of Research Tree and can't access the research note."Click on the link on the JOG website to gain free access i.e. |
Posted at 28/3/2024 11:33 by ashkv Twitter Guru with more misses than hits - long FXPO, ARCM etc etc pumping JOG / doubling down as no way it gets back to his buy level - therefore pumping prior to dumping :)Beware new investors - JOG has high risk of being a dead-end / non viable project with Labour set to takeover UK's reigns. Serica is able to with no further payments back out of the project!!! With a new CEO at SQZ imminent - it would make sense to diversify outside the UK!!! |
Posted at 28/3/2024 08:21 by limor New Research out this morning on JOG and incredibly positive for the Company . |
Posted at 19/3/2024 08:14 by aimloser1 Just wondering, how much of a threat is Labour government is to this stock? If there were no new licences issued how that could impact JOG? |
Posted at 24/12/2023 21:59 by master rsi Proactive - Small cap oil and gas stocks to watch in 2024– part one / 24 Dec 2023December saw the small-cap oil and gas sector was awoken from inertia with a flurry of activity. By Jamie Ashcroft Casual onlookers could be easily distracted by the big numbers coming from the big boys, as over one hundred billion dollars of shale M&A recently saw Exxon, Chevron and Occidental bolster their respective US shale positions. Closer to home, on AIM, however, there’s been a round of project milestones and deal making that were long-in-the-waiting. Whilst these catalysts may not have quite the same scale or pizzazz as the blue-chip deals, they’re significantly value adding for the small cap companies involved. Capital markets have been tight throughout the last year, which has added an extra element of respite for these growth companies as they’ve navigated the prolonged ebb. Cash-injections through partnering success or new revenue streams coming online soon, sets these small-caps up advantageously for the coming year. Here’s a look at JOG small cap oil and gas stock to watch in 2024. Jersey Oil & Gas Jersey Oil and Gas PLC (AIM:JOG, OTC:JYOGF) plans for the Buchan field shifted significantly closer to fruition in 2023 – with many important jigsaw pieces put in place – now, after sealing an important farm-out deal with Serica Energy, in late November, it is set up for a bigger 2024. Serica, one of the top North Sea independents, is taking up a 30% stake in Buchan in return for $18 million of upfront cash (out of a total $38 million of total potential cash payments) plus a 20% ‘carry’ on Jersey’s share of project costs. "Not only does it bring a further high-quality partner into the joint venture, but it unlocks exceptional value for the company and delivers upon our overall objectives for the GBA farm-out strategy," Jersey chief executive Andrew Benitz said. The importance of JOG's 20% carry should not be underestimated given the predicted £850-£950 million costs to develop the field, which is host to around 70 million barrels of oil equivalent, and which should have peak production of around 35,000 barrels a day. Its Jersey’s second farm-out this year, following the deal struck in … with Neo Energy and it sets up 2024 as a big year. The Buchan Field Development Plan (FDP) is scheduled for approval in 2024, with first oil production forecast to be delivered by late 2026. |
Posted at 23/11/2023 07:19 by pro_s2009 Excellent news today !!RNS Number : 3861U Jersey Oil and Gas PLC 23 November 2023 23 November 2023 Jersey Oil and Gas plc ("Jersey Oil & Gas", "JOG" or the "Company") GBA Farm-Out to Serica Energy Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, is pleased to announce that it has agreed to farm-out a 30% interest in the Greater Buchan Area ("GBA") licences to Serica Energy (UK) Limited (the "Serica Farm-out"). Upon completion of the Serica Farm-out, JOG will have a 20% interest in the GBA licences and a full carry on the capital expenditure required to bring the Buchan field into production. Highlights : -- Fully Funded : The transaction delivers material value to JOG and results in the Company having a fully funded 20% interest in the on-going Buchan redevelopment project -- Strong industry partner : Serica is a leading mid-tier UK oil and gas company producing more than 40,000 barrels of oil equivalent per day, further strengthening the quality of the GBA joint venture -- Milestone payments : $18 million of the $38 million cash payments attributable to the two GBA farm-outs will have been received upon completion of the Serica transaction -- Value creation : Clear path to development sanction and first oil, with JOG's fully funded position meaning the Company is underpinned by exposure to zero-capex flowing barrels -- Future cash generation : Once onstream, JOG will be a non-operated partner entitled to 20% of production from the Buchan field -- Low carbon development : redeployment of an existing floating production, storage and offloading ("FPSO") vessel that is planned for future connection to a nearby floating wind power development makes the Buchan redevelopment solution the option with the lowest full-cycle carbon footprint |
Posted at 24/5/2023 22:03 by highlyunlikely In case it's of interest, I've set out below the text of a post I made on the other board yesterday, in response to a question Greener had asked about JOG's tax losses. I expanded the subject somewhat - people can form their own views on the assumptions I uaed:"TRAP acquired JOG in 2015 and changed its name to what it is now. The CI company (founded by AB and RL) is now a 100% subsidiary called Jersey Oil & Gas E & P Ltd. At the time the transaction was completed, TRAP (now JOG) had about £25m of unrelieved tax losses available for offset against future profits, in accordance with UK tax laws: The Company has added to these losses since 2015, to the extent that the situation was described thus in JOG's 2021 financial statements: "At the year end, the usable tax losses within the Group were approximately £57 million (2020: £46million)". The losses belong exclusively to JOG and not to anyone else - as they always will do. JOG is a stand-alone UK company, regardless of whatever agreements it may enter into with other parties. Looking forward to 2026 (assuming that's the date of first oil from Buchan) my understanding is that, once production is established, the expectation is that production in the range of 30-35kboepd will be achievable. One assumes Neo has bought into this expectation, thereby giving it some measure of validation. Assuming 330 days pa of production @30kboepd, a BC price of $75pb, Opex for JOG of $15pb (there shouldn't be much Capex as JOG will be substantially carried through to production) and JOG managing to retain 20% of the GBA licences, this could lead to a pre-tax profit per annum FOR JOG ALONE of something like $120m pa - or around £100m (significantly more than today's entire market worth) PER ANNUM. Tax, of course, is the big unknown, with both Sunakhunt and Stoma seemingly intent on destroying an industry that is vital for our country's well-being and security. All in the name od cheap votes. JOG's b/fwd tax losses will be a help, but they don't seem to me to be a game changer, given the eventual profitiability of the GBA licences. dyor |
Posted at 06/4/2023 07:25 by ashkv Greater Buchan Area Farm-outThu, 6th Apr 2023 07:00 RNS Number : 5560V Jersey Oil and Gas PLC 06 April 2023 6 April 2023 Jersey Oil and Gas plc ("Jersey Oil & Gas", "JOG" or the "Company") Greater Buchan Area Farm-out Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, is pleased to announce that it has agreed to farm-out a 50% interest in the Greater Buchan Area ("GBA") licences to NEO Energy ("NEO"). Highlights § Material value: The transaction delivers material value to JOG, including cash payments, funding through to Field Development Plan ("FDP") approval and a minimum 12.5% development expenditure carry to first oil for the 50% interest retained by the Company § Unlocks GBA resources: Unlocks the route to finalising the GBA development solution and monetisation of resources in excess of 100 million barrels of oil equivalent § Strong industry partner: NEO is a major UK North Sea operator producing approximately 90,000 barrels of oil equivalent per day and is backed by HitecVision, a leading private equity investor focused on Europe's offshore energy industry with $8 billion of assets under management § Value catalysts: Clear path to development sanction and first oil, with opportunity to create further value through additional farm-out transactions § Low carbon development: NEO and JOG are committed to evaluating options to give the GBA development flagship status for its low carbon credentials through the use of existing infrastructure and potential low carbon electrification options Transaction Summary In exchange for entering into definitive agreements to divest a 50% working interest and operatorship in the GBA licences to NEO, the Company will receive: § 12.5% carry of the Buchan field development costs included in the FDP approved by the North Sea Transition Authority ("NSTA"); equivalent to a 1.25 carry ratio § Carry for JOG's 50% share of the estimated $25 million cost to take the Buchan field through to FDP approval § $2 million cash payment on completion of the transaction § $9.4 million cash payment upon finalisation of the GBA development solution § $12.5 million cash payment on approval of the Buchan FDP by the NSTA § $5 million cash payment on each FDP approval by the NSTA in respect of the J2 and Verbier oil discoveries The primary conditions precedent to completing the transaction are receipt of the approvals from the NSTA for the transaction and the associated extension of the Company's two GBA licences. Following completion of the transaction, operatorship of the licences will transfer to NEO. The Company will be working in partnership with NEO to select the preferred development solution, having confirmed a short list of attractive options for the GBA which utilise existing North Sea infrastructure. The unstable fiscal conditions resulting from the introduction and revision of the Energy Profits Levy during 2022 have been challenging. As the joint venture moves forward towards first oil, which is targeted for 2026, it will be mindful of the future fiscal attractiveness of the UK. The Company intends to farm-out additional equity in the GBA licences in order to ultimately retain a 20-25% carried interest in the development following FDP approval. NEO has an option to increase its 50% interest in the Buchan licence by up to an additional 37.5% in exchange for a further cash payment should any of JOG's equity share in the development remain unfunded ahead of FDP submission, with such payment being the pro-rated balance of future cash payments due to JOG post completion in relation to the GBA development solution and Buchan FDP as outlined above. JOG remains well funded for its on-going and planned work programmes, with a cash balance of approximately £6.5 million as at 31 December 2022. It is intended that the cash payments anticipated to be received from NEO following completion of the transaction will be utilised to pursue the Company's stated growth strategy and provide additional working capital for the Company. The Company intends to issue its financial results for the year ended 31 December 2022 in the second half of May 2023. Andrew Benitz, CEO of Jersey Oil & Gas, commented: "We are delighted to announce this transaction with NEO Energy, a well-funded industry heavyweight and the fifth largest producer in the UKCS. The farm-out marks a major value creation moment for JOG, a significant de-risking of the GBA development programme, from both an operational and funding perspective, and provides the springboard from which to grow the long-term value of the business. We are looking forward to working collaboratively with NEO Energy to select the optimal development solution for the GBA and taking the project through to sanction and on into future production." |
Posted at 06/4/2023 07:02 by pro_s2009 Greater Buchan Area Farm-outJersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, is pleased to announce that it has agreed to farm-out a 50% interest in the Greater Buchan Area ("GBA") licences to NEO Energy ("NEO"). Highlights -- Material value : The transaction delivers material value to JOG, including cash payments, funding through to Field Development Plan ("FDP") approval and a minimum 12.5% development expenditure carry to first oil for the 50% interest retained by the Company -- Unlocks GBA resources : Unlocks the route to finalising the GBA development solution and monetisation of resources in excess of 100 million barrels of oil equivalent -- Strong industry partner : NEO is a major UK North Sea operator producing approximately 90,000 barrels of oil equivalent per day and is backed by HitecVision, a leading private equity investor focused on Europe's offshore energy industry with $8 billion of assets under management -- Value catalysts : Clear path to development sanction and first oil, with opportunity to create further value through additional farm-out transactions -- Low carbon development : NEO and JOG are committed to evaluating options to give the GBA development flagship status for its low carbon credentials through the use of existing infrastructure and potential low carbon electrification options Transaction Summary In exchange for entering into definitive agreements to divest a 50% working interest and operatorship in the GBA licences to NEO, the Company will receive: -- 12.5% carry of the Buchan field development costs included in the FDP approved by the North Sea Transition Authority ("NSTA"); equivalent to a 1.25 carry ratio -- Carry for JOG's 50% share of the estimated $25 million cost to take the Buchan field through to FDP approval -- $2 million cash payment on completion of the transaction -- $9.4 million cash payment upon finalisation of the GBA development solution -- $12.5 million cash payment on approval of the Buchan FDP by the NSTA -- $5 million cash payment on each FDP approval by the NSTA in respect of the J2 and Verbier oil discoveries The primary conditions precedent to completing the transaction are receipt of the approvals from the NSTA for the transaction and the associated extension of the Company's two GBA licences. Following completion of the transaction, operatorship of the licences will transfer to NEO. The Company will be working in partnership with NEO to select the preferred development solution, having confirmed a short list of attractive options for the GBA which utilise existing North Sea infrastructure. The unstable fiscal conditions resulting from the introduction and revision of the Energy Profits Levy during 2022 have been challenging. As the joint venture moves forward towards first oil, which is targeted for 2026, it will be mindful of the future fiscal attractiveness of the UK. The Company intends to farm-out additional equity in the GBA licences in order to ultimately retain a 20-25% carried interest in the development following FDP approval. NEO has an option to increase its 50% interest in the Buchan licence by up to an additional 37.5% in exchange for a further cash payment should any of JOG's equity share in the development remain unfunded ahead of FDP submission, with such payment being the pro-rated balance of future cash payments due to JOG post completion in relation to the GBA development solution and Buchan FDP as outlined above. JOG remains well funded for its on-going and planned work programmes, with a cash balance of approximately GBP6.5 million as at 31 December 2022. It is intended that the cash payments anticipated to be received from NEO following completion of the transaction will be utilised to pursue the Company's stated growth strategy and provide additional working capital for the Company. The Company intends to issue its financial results for the year ended 31 December 2022 in the second half of May 2023. Andrew Benitz, CEO of Jersey Oil & Gas, commented : "We are delighted to announce this transaction with NEO Energy, a well-funded industry heavyweight and the fifth largest producer in the UKCS. The farm-out marks a major value creation moment for JOG, a significant de-risking of the GBA development programme, from both an operational and funding perspective, and provides the springboard from which to grow the long-term value of the business. We are looking forward to working collaboratively with NEO Energy to select the optimal development solution for the GBA and taking the project through to sanction and on into future production." |
Posted at 03/3/2023 10:02 by ashkv What's with this loser Kakapo1 - seems to be a troll / perma bear on JOGJersey Oil and Gas - a new trap ? - Post 4702 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 03 Mar 2023 09:31 kakapo1 Oh dear, seems the Equinor Deal with Suncors is causing the sap to rise again. Jersey Oil and Gas - a new trap ? - Post 4667 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 21 Feb 2023 10:43 kakapo1 Investors should carefully consider the caviat that accompanied the November RNS. It is standard wording but gives the company ample room to " get out Jersey Oil and Gas - a new trap ? - Post 4623 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 29 Nov 2022 21:49 Downvotes: 1 kakapo1 CM you claim Equinor were never involved in Verbier? You believe Equinor did not have 1st refusal in GBA? Did you realise it took Equinor less than 3 Jersey Oil and Gas - a new trap ? - Post 4619 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 29 Nov 2022 12:25 Downvotes: 1 kakapo1 Catching Mice what a lulu you are, now talking the price down and then ramping. You need to hone your Trading skills to become a little more subtle. Jersey Oil and Gas - a new trap ? - Post 4609 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 25 Nov 2022 11:59 Downvotes: 1 kakapo1 CM check the date of my post and where the share price was. The share price started its dramatic fall on the 21st and has continued to tank since, which suite you well, Jersey Oil and Gas - a new trap ? - Post 4607 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 20 Nov 2022 18:51 Upvotes: 2 kakapo1 Avoid or not the can is in perpetual motion, is being kicked down the road. Meanwhile the execs continue to draw exorbitant salaries which is burning Jersey Oil and Gas - North Sea Oil - Post 4019 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 23 Sep 2022 09:05 Upvotes: 1 Downvotes: 2 kakapo1 Words can be mesmerizingly bullish; it is actions that prove their worth. Jersey Oil and Gas - North Sea Oil - Post 4015 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 22 Sep 2022 15:04 Upvotes: 1 kakapo1 Readers and shareholders should refresh their memory by perusing the RNS of June 2021 and subsequent ones regarding GBA. Promises promises Jersey Oil and Gas - North Sea Oil - Post 4012 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 22 Sep 2022 07:41 kakapo1 Has AB bitten off more than he can chew? The saga continues. The dialogue subtly changes when words like "encouraging" are used! This situation (F/O) Jersey Oil and Gas - a new trap ? - Post 4512 JOG Jersey Oil And Gas Plc Author: kakapo1 Posted on: 14 Sep 2022 13:14 Upvotes: 2 Downvotes: 1 kakapo1 Seems PI's on the other board are becoming impatient and nervious, with good reason. They are beginning to realise in the current environment a F/O |
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